Allocation of Funds Raised through a Public Offering, etc. to Gifu Plant Equipment
First written in FY2021-Q3. 7 of 12 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2026.
30 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Reconstruction of the assembly plant (second plant) is scheduled to be completed in December 2025, after which the Company plans to improve efficiency and reduce costs across its production facilities by promoting automation and barrier-free improvements.」
Reconstruction of the second Gifu Plant was completed in December 2025, moving the existing capital investment plan into the concrete completion stage. - 2026-05-07AchievedEarnings
「In December 2025, reconstruction of the assembly plant at the Gifu Plant (the new Plant 2) was completed.」
The company disclosed completion of the reconstruction of Plant 2 among its capital investments in the Gifu Plant. - FY2025RestatedAnnual report
「Expansion and renovation of the second Gifu Plant 639,000 Internal funds, etc. During fiscal 2025 During fiscal 2025」
The Company disclosed planned investment of ¥639 million for expansion and renovation of the second Gifu Plant, with work scheduled to begin and be completed during fiscal 2025. It also presented a plan to complete the installation of machinery and equipment costing ¥683.763 million during fiscal 2026. - FY2025-H1AdvancedAnnual report
「A new plant building was completed at the Gifu Plant, the Company's main production facility, in June 2024.」
The new building at the Gifu Plant was completed in June 2024, bringing the existing expansion and renovation plan to the completion stage. In addition, as a subsequent event, the Company decided to rebuild and expand the second Gifu Plant, with planned investment of approximately ¥600 million and completion scheduled for March 2026. - FY2024AdvancedAnnual report
「The Group invested in product development and improvement, as well as the rationalization and in-house production of manufacturing equipment, to establish an optimal production system capable of responding to changes in demand. In addition, construction to expand and renovate the Gifu Plant was initiated to establish a stable supply system for high-value-added products in line with expected further growth in demand for faucets and fittings, including high-value-added faucets, in the domestic and overseas markets in the future.」
Construction to expand and renovate the Gifu Plant was initiated, and total capital investment for the fiscal year was ¥1,255.119 million. The capital investment plan disclosed a first-phase plan of ¥1,000 million, payments made to date of ¥581.071 million, and completion scheduled during fiscal 2024. - FY2024-Q2AdvancedAnnual report
「Net cash used in investing activities was ¥572 million, an increase of ¥306 million in cash outflows from the same period of the previous year. This was mainly attributable to ¥552 million in expenditure for the acquisition of property, plant and equipment.」
¥552 million was spent on the acquisition of tangible fixed assets, indicating that capital investment is progressing. However, this filing does not explicitly link the expenditure to the Gifu Plant. - FY2023AdvancedAnnual report
「The Company began expansion and renovation work at the Gifu Plant to establish a stable supply system for high-value-added products in line with anticipated further growth in demand for faucets and fittings, including high-value-added faucets, in the domestic and overseas markets. Total capital expenditure for the consolidated fiscal year was ¥855.737 million.」
Expansion and renovation work at the Gifu Plant began, and total capital expenditure for the fiscal year was ¥855.737 million. - FY2023-Q3AdvancedAnnual report
「This was mainly due to an increase of ¥190 million in construction in progress.」
An increase of ¥190 million in construction in progress is identified as a factor behind the increase in property, plant and equipment, adding a figure indicating that equipment plans for the Gifu Plant and other facilities are under way. - FY2023-Q2AdvancedAnnual report
「As the Company recorded an extraordinary loss associated with the expansion and renovation of the Gifu Plant, net loss attributable to owners of the parent was ¥32 million, compared with net income attributable to owners of the parent of ¥464 million in the same period of the previous year.」
An extraordinary loss associated with the expansion and renovation of the Gifu Plant was recorded, indicating that the equipment plan is at the implementation stage. The completion of the expansion and renovation is not stated. - FY2022RaisedAnnual report
「Under the new plan, with “higher efficiency, labor savings and environmental measures” as its concept, the Company decided to expand the production area across the Gifu Plant, introduce automated production equipment throughout the plant, link processes and add production lines, thereby further increasing production capacity.」
The use of funds raised at the time of listing changed from the installation of individual items of equipment to the expansion, automation and process integration of the production area across the Gifu Plant and the addition of production lines, with the first-phase plan set at ¥1 billion and scheduled for implementation from the fiscal year ending March 2023 to the fiscal year ending March 2024. - FY2021RestatedAnnual report
「The Group invested in product development and improvement, as well as the rationalization and in-house production of manufacturing equipment, to establish an optimal production system capable of responding to changes in demand.」
The policy of using capital expenditure to establish an optimal production system and for product development and improvement, as well as the rationalization and in-house production of manufacturing equipment, continues. At the Gifu Plant, decorative plating equipment, faucet-body production equipment and plating equipment renewal were planned between FY2021 and FY2022. - FY2021-Q3First statedAnnual report
「Together with the net proceeds from the public offering, the funds are scheduled to be used for (1) decorative plating equipment at the Gifu Plant, (2) faucet-body production equipment at the Gifu Plant, and (3) the renewal of plating equipment at the Gifu Plant.」
The funds raised are scheduled to be used for decorative plating equipment, faucet-body production equipment and the renewal of plating equipment at the Gifu Plant.